This page reflects JHG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — JHG
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $50.00 (1.95 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$50.00
Nearest expiry
Expected Move
-
Range by options
Days to Expiry
-
Calendar days
Total Call OI
243
Nearest expiry
Total Put OI
1,668
Nearest expiry
P/C OI Ratio
6.86
Put-heavy
Spot Price
$51.95
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$50.00
5/15/2026, 11:22:03 PM
2026-06-18
$50.00
6/18/2026, 11:19:19 PM
2026-07-17NextUpdated
$50.00
7/3/2026, 11:16:39 PM
2026-09-18
$50.00
7/3/2026, 11:16:39 PM
2026-12-18
$50.00
7/3/2026, 11:16:39 PM
Selected expiration: 2026-07-17 at max pain $50.00.
JHG pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
25
0
4170000
4170000
30
3500
3336000
3339500
35
7000
2502000
2509000
40
11000
1668000
1679000
45
46500
834000
880500
50
130500
0
130500
55
215000
0
215000
65
458000
0
458000
70
579500
0
579500
75
701000
0
701000
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.